Carnival (CCL) Enterprise Value (2009 - 2026)
Carnival (CCL) reported Enterprise Value of -$1.4 billion for Q1 2026, down 68.79% on a YoY basis from -$4.5 billion in Q1 2025, and up 26.54% quarter-over-quarter from -$1.9 billion in Q4 2025.
Carnival (CCL) Enterprise Value (2009 - 2026) Analysis & Trends
Carnival has reported Enterprise Value for 18 years, with the latest figure at -$1.4 billion in Q1 2026.
- For the quarter ending Q1 2026, Enterprise Value fell 68.79% year-over-year to -$1.4 billion; the trailing twelve-month figure through Feb 2026 stood at -$1.4 billion (down 68.79% YoY), and the FY2025 full-year result was -$1.9 billion, down 58.18% from the prior year.
- Enterprise Value for Q1 2026 stood at -$1.4 billion, up from -$1.9 billion in the prior quarter.
- The five-year high for Enterprise Value was -$833.0 million in Q1 2025, with the low at -$7.2 billion in Q2 2022.
- Historically, Enterprise Value has averaged -$3.4 billion across 5 years, with a median of -$2.2 billion in 2024.
- Annual changes were most pronounced in 2024 — Enterprise Value soared 63.31% — and 2026, when it tumbled 68.79%.
- Carnival's Enterprise Value stood at -$6.0 billion in 2022, then jumped by 59.68% to -$2.4 billion in 2023, then surged by 50.12% to -$1.2 billion in 2024, then plunged by 58.18% to -$1.9 billion in 2025, then grew by 26.54% to -$1.4 billion in 2026.
- The last three Enterprise Value figures came in at -$1.4 billion (Q1 2026), -$1.9 billion (Q4 2025), and -$1.8 billion (Q3 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Enterprise Value (Qtr) |
|---|---|---|---|---|---|
| 1 | Booking Holdings | 131.01 Bn | 114.99 Bn | 3.46 Bn | -16.02 Bn |
| 2 | Airbnb | 79.86 Bn | 67.85 Bn | 2.10 Bn | -12.01 Bn |
| 3 | Royal Caribbean Cruises | 75.60 Bn | 75.08 Bn | 2.21 Bn | -517.00 Mn |
| 4 | Carnival | 37.80 Bn | 36.39 Bn | - | -1.41 Bn |
| 5 | Expedia | 27.88 Bn | 22.09 Bn | 3.05 Bn | -5.79 Bn |
| 6 | Norwegian Cruise Line Holdings | 8.56 Bn | 8.38 Bn | 953.34 Mn | -185.00 Mn |
| 7 | Global Business Travel | 4.79 Bn | 4.35 Bn | 714.00 Mn | -437.00 Mn |
| 8 | Travel & Leisure | 4.51 Bn | 4.25 Bn | 926.00 Mn | -255.00 Mn |
| 9 | Trip.com | 4.42 Bn | -788.25 Mn | 1.74 Bn | -5.21 Bn |
| 10 | MakeMyTrip | 2.12 Bn | 1.35 Bn | - | -765.12 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Feb 28, 2026 | -1.41 Bn |
| Nov 30, 2025 | -1.91 Bn |
| Aug 31, 2025 | -1.76 Bn |
| May 31, 2025 | -2.15 Bn |
| Feb 28, 2025 | -833.00 Mn |
| Nov 30, 2024 | -1.21 Bn |
| Aug 31, 2024 | -1.52 Bn |
| May 31, 2024 | -1.65 Bn |
| Feb 29, 2024 | -2.24 Bn |
| Nov 30, 2023 | -2.43 Bn |
| Aug 31, 2023 | -2.86 Bn |
| May 31, 2023 | -4.49 Bn |
| Feb 28, 2023 | -5.47 Bn |
| Nov 30, 2022 | -6.02 Bn |
| Aug 31, 2022 | -7.07 Bn |
| May 31, 2022 | -7.21 Bn |
| Feb 28, 2022 | -6.93 Bn |
| Nov 30, 2021 | -9.14 Bn |
| Aug 31, 2021 | -7.80 Bn |
| May 31, 2021 | -9.27 Bn |